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Spring 2007 issue of the Expert Witness newsletter (volume 12, issue 1)
Contents: Forecasting the long-term interest rate on Government of Canada bonds: “market-based” versus “conservative” investment by Christopher Bruce In the article Christopher Bruce examines a subtle issue relating to interest rates. He explains the difference between the interest rates realised by buying bonds and holding them to maturity, and selling and re-buying before maturity. These… Continue reading
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Using the HALS/PALS data sets to estimate a loss of income
In the article Derek Aldridge discusses the potential usefulness of Statistics Canada’s HALS/PALS disability statistics when attempting to estimate a person’s loss of income. His opinion is that while one can use these data sets to predict a loss of income, in most cases these predictions are not helpful for our purposes. Continue reading
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Forecasting the long-term interest rate on Government of Canada bonds: “market-based” versus “conservative” investment
In the article Christopher Bruce examines a subtle issue relating to interest rates. He explains the difference between the interest rates realised by buying bonds and holding them to maturity, and selling and re-buying before maturity. These approaches will result in different estimates of historical interest rates. Continue reading
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The Discount Rate Revisited (Summer 2006)
In this article Derek Aldridge reports on our latest survey of discount rates, and outlines the revisions we have made to our standard assumptions. We conclude that some small changes to our short-term discount rate assumption are warranted, though we have not changed our assumptions concerning long-term rates. The overall impact on our calculations will… Continue reading
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The Cost of Household Services, Alberta, 2006: A Survey
The article reports the results of a survey we conducted in late 2005 and early 2006. We obtained housecleaning, handyman, landscaping and snow removal, child care, and home care/meal preparation rates from a large sample of agencies and individuals in both Calgary and Edmonton, and housecleaning rates for smaller samples in Lethbridge, Grande Prairie, and… Continue reading
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Summer 2006 issue of the Expert Witness newsletter (volume 11, issue 2)
Contents: The Cost of Household Services, Alberta, 2006: A Survey by Christopher Bruce and Amelia Lamb The article reports the results of a survey we conducted in late 2005 and early 2006. We obtained housecleaning, handyman, landscaping and snow removal, child care, and home care/meal preparation rates from a large sample of agencies and individuals… Continue reading
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Spring 2006 issue of the Expert Witness newsletter (volume 11, issue 1)
Contents: Estimating non-discriminatory lifetime earnings for young females by Christopher Bruce and Kelly Rathje This articles examines the sources of male/female earnings differentials that might arise from differences between the sexes in labour force participation rates, part-time hours, and retirement ages. It concludes that, even in the absence of labour market discrimination, women may earn… Continue reading
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Estimating non-discriminatory lifetime earnings for young females
This articles examines the sources of male/female earnings differentials that might arise from differences between the sexes in labour force participation rates, part-time hours, and retirement ages. It concludes that, even in the absence of labour market discrimination, women may earn 25 to 35 percent less than men. Continue reading
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Autumn 2005 issue of the Expert Witness newsletter (volume 10, issue 3)
Contents: Claims by Elderly Parents for Loss of Caregiving by Adult Children by Hugh P. Finnigan The article addresses the fact that many adult children accept at least some responsibility for the provision of care to their aging parents. This leads to a possible claim by elderly parents for the loss of caregiving services, if… Continue reading
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Death and Retirement: Allowing for Uncertainty
In this article Christopher Bruce explains how experts deal with situations in which there is uncertainty about the plaintiff’s future income path – such as when it is not known whether the plaintiff will recover from his or her injuries. He also comments on an error that experts often make when dealing with such uncertainty. Continue reading